A Payment Workflow Management ensures that the bank transactions are rule-based thereby eliminating the need for manual intervention.
Banks are always on the lookout for ways to maximize their profitability, cut costs and improve efficiencies. They face critical issues during inward and outward financial transactions which could lead to penalty for incorrect or delayed processing. But with profits under pressure and banks having to comply with more regulations, there is no scope for banks to allow any delays or errors in its dealings. Banks require an end-to-end solution that proactively manages all its financial transactions.
BCT's SWIFT Router is an intelligent, fully integrated payment workflow management application that manages and routes all outward financial transactions between the core banking and other systems in the bank and SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.
SWIFT Router offers the following benefits